Economy

Possibility of salt mine in Jajarkot

Jajarkot, June 9/ The possibility of a salt mine has been seen at Khara Stream of Barekot Rural Municipality-2 in Jajarkot district. About 90 per cent salt was found in one litre of water collected from the stream in course of a lab test for sodium chloride (NaCl), conducted at Water Engineering and Training Centre in […]


Oli stresses on strong ground for full implementation of budget

Kathmandu, June 8/ Prime Minister KP Sharma Oli has directed ministers and secretaries to come up with point-wise work plans by coming June 29 in relation to the implementations of policies and programs; and budget prepared for the upcoming fiscal year. The Prime Minister summoned ministers and secretaries to his office today and directed them to […]


FinMin terms budget ‘course correction’

Kathmandu, June 8: Minister for Finance Yuba Raj Khatiwada has defended his first budget for the upcoming Fiscal Year 2018/19, saying that the budget was a course correction by the government. Speaking at a post-budget interaction organized by Confederation of Nepalese Industries (CNI) and Society of Economic Journalists- Nepal (SEJON) in Kathmandu on Thursday, Finance […]


NOC Executive Director Khadka resigns

Kathmandu / June 7: Nepal Oil Corporation Executive Director Gopal Khadka has stepped down from his post on Thursday. Organising a press meet at the Ministry of Industry, Commerce and Supplies (MoICS) premises, Singha Durbar, Khadka said that he had submitted his resignation letter to the Minister of Industry, Commerce and Supplies, Matrika Yadav, effective […]


Nepse rises as govt, investors put an end to CGT row

Kathmandu, June 7/ Trading resumed in Nepal Stock Exchange (Nepse) in the second half Wednesday’s trading session after investors withdrew their protest against the new capital gains tax (CGT) calculation method enforced by the Inland Revenue Department (IRD). The protest was called off following the government’s decision to put the new calculation method on hold […]


Fertilizers import up 10 pc

Kathmandu, June 7/ The import of fertilizers (chemical and organic combined) in the first 10 months of the current fiscal year has surged by nearly half compared to import figures of the same period of Fiscal Year 2016/17. According to Department of Customs, Nepal imported Rs 12.9 billion worth of fertilizer in the first 10 […]


Govt rolls back its decision to introduce new CGT formula

Kathmandu, Jun 6: The government has rolled back its decision to introduce new formula to calculate capital gains tax on rights and bonus shares following criticisms from all quarters. The Ministry of Finance has circulated a letter to the Inland Revenue Department directing it to calculate the capital gains tax on rights and bonus shares […]


ILO seems positive to support ‘Prime Minister Employment Program’

Kathmandu / Jun 5: The International Labour Organisation (ILO) seemed positive towards Nepal request to support the “Prime Minister Employment Program”. Minister for Labour, Employment and Social Security, Gokarna Raj Bista, who is currently in Geneva of Switzerland in course of his participation in the 107th Session of International Labour Conference, met ILO Director-General Guy […]


Minister Baskota directs state-owned media to recover ad tariff

Kathmandu, June 4/ Newly appointed Minister for Communications and Information Technology, Gokul Prasad Baskota directed state owned media houses to become tougher against people and organizations who were yet to clear their advertisement tariffs. Talking to media persons after taking charge of office at Singha Durbar today, he assured that he’d not compromise good governance. […]


Himalayan Travel Mart 2018 concludes on positive note

Kathmandu, June 4/ Himalayan Travel Mart (HTM) 2018 concluded in Kathmandu on Sunday. The three-day travel mart saw participation of 52 buyers from 26 different countries and 52 sellers from Nepal, India, Bhutan, South Korea, Indonesia, Turkey and UAE, according to the organizers. One of the objectives of the event was building a sustainable road […]




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WHO congratulates Nepal for legislation to restrict trans-fatty acids in food




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